My reading of the situation is that 1. they want to be clear there is nothing illegal with what has gone on in terms of the administration process, and have asked their chairman to investigate.
It makes you wonder what they think KPMG are paid squillions an hour for. Yes, we know they are a shower of shite but in pure legal terms I suspect that the fact that KPMG are administrators and do this kind of thing all the time might indicate that they sort of know the law in this area! 2. they want to see the offer paperwork to make sure they will get 100% of the football debts paid. They could of course sort that out once the club has started trading and I think they are basically blackmailing the club/KPMG to get it sorted now. Which is fine if it weren't the plebs like us who suffer for it. Can they not revoke membership at a later date if for some reason the new club didn't pay its football debts in full? They also know that there are at least 2 other interested parties that would step in and take over the club if Bates bails out for whatever reason part way through the season, so they aren't worried about us being able to complete the league season (and looking for assurances regarding finances for that). Has Bates/a club ever not paid in full its football debts? Why are they so edgy on this? Again, my opinion is that they are still shit scared that HMRC will question football's rights as preferential creditor so this is all about their own self interest. > -----Original Message----- > From: [EMAIL PROTECTED] [mailto:leedslist- > [EMAIL PROTECTED] On Behalf Of Sean Emmott > Sent: 12 July 2007 15:23 > To: Nick Allen > Cc: LEEDS LIST; Sean Emmott > Subject: Re: [LU] FL Decision delayed > To a degree. I think what they are saying is that we can play games > while > in administration (which The LUFC owned by Bates isn't, although the > Golden share belongs to the old company in the hands of KPMG -that will > be > liqidated and that and the value of Bates bid shared among creditors. > we > still can't sign players, and potentially might not be able to do so > until > Sept 3rd. > > I think we're fucked, but obviously that's wrong because Ken Bates has > said we can start moving forward now. > > - Sean > > > _______________________________________________ > the Leeds List is an unmoderated mailing list and the list > administrators accept no liability for the personal views and opinions > of contributors. > Leedslist mailing list > [email protected] > http://list.zetnet.co.uk/mailman/listinfo/leedslist > Join The Leeds United Supporters Trust at www.lufctrust.org _______________________________________________ the Leeds List is an unmoderated mailing list and the list administrators accept no liability for the personal views and opinions of contributors. Leedslist mailing list [email protected] http://list.zetnet.co.uk/mailman/listinfo/leedslist Join The Leeds United Supporters Trust at www.lufctrust.org
